Question

If Shelly wants to earn the most interest on her account, but knows she can only keep $100 in her account, which bank's checking account would be best for her to use?

Answer 1

Shelly should choose an interest-bearing checking account to earn some interest on her $100 while maintaining easy access to her money.

Step-by-step explanation:

A checking account would be best for Shelly to use if she wants to earn the most interest on her account while keeping only $100 in her account. Although checking accounts typically pay little or no interest, some banks offer interest-bearing checking accounts with certain conditions such as maintaining a minimum balance. By choosing a bank that offers an interest-bearing checking account and keeping $100 in her account, Shelly can earn some interest while still having easy access to her money through checks or debit cards.